Adyen (OTCMKTS:ADYEY – Get a rating) benefited from a sharp fall in short-term interest rates in June. As of June 30, there was short interest totaling 155,100 shares, down 34.3% from the total of 236,000 shares as of June 15. Based on an average daily trading volume of 3,274,400 shares, the short-term interest rate ratio is currently 0.0 day.

Adyen stock up 6.4%

OTCMKTS: ADYEY opened at $15.26 on Friday. Adyen has a 1-year low of $11.90 and a 1-year high of $34.94. The stock’s 50-day simple moving average is $14.67 and its two-hundred-day simple moving average is $18.03.

Wall Street analysts predict growth

A number of research analysts have weighed in on ADYEY shares recently. Piper Sandler began covering Adyen in a research report on Thursday, April 14. They set an “overweight” rating on the stock. Wells Fargo & Company began covering Adyen in a research report on Monday, April 4. They set an “overweight” rating on the stock. Deutsche Bank Aktiengesellschaft lowered its price target on Adyen from €2,750.00 ($2,750.00) to €2,070.00 ($2,070.00) in a research report on Friday. Keefe, Bruyette & Woods reduced their price target on Adyen from €2,400.00 ($2,400.00) to €1,970.00 ($1,970.00) and set an “outperform” rating on the action in a Monday July 11 research note. Finally, Morgan Stanley lowered its price target on Adyen from €3,150.00 ($3,150.00) to €2,800.00 ($2,800.00) and set an “overweight” rating on the stock. in a Friday, March 25 research note. Three investment analysts gave the stock a hold rating and fourteen gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $2,423.00.

About Adyen

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Adyen NV operates a payment platform in Europe, the Middle East, Africa, North America, Asia-Pacific and Latin America. The Company’s platform integrates a payments stack that includes gateway, risk management, processing, issuance, acquiring and settlement services. It offers a back-end infrastructure to authorize payments across merchant sales channels, as well as online, mobile, in-store, and via APIs; and data overview.

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